Adhezion Biomedical, a research and manufacturing company offering medical adhesive products, will invest $3.5 million and create 40 jobs over the next four years as it expands its facility in Hudson, North Carolina.

“We very much appreciate the support of the state’s Department of Commerce in making this grant available to our company,” said Pete Molinaro, Adhezion’s CEO & Chairman.

“We expect to use these funds to allow us to grow our presence in Hudson, North Carolina, by expanding our facility, its processes, capacity and workforce, as well as offering opportunities to our current employees. Furthermore, we are delighted to be able to commit to making Hudson our home for the company’s research & development, manufacturing and distribution activities,” he said.

As an incentive, a performance-based grant of $100,000 from the One North Carolina Fund will help facilitate Adhezion’s expansion in Caldwell County. The OneNC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All OneNC grants require a matching grant from local governments and any award is contingent upon that condition being met.

Adhezion Biomedical, LLC is a privately-held medical device company focused on the development, manufacturing and commercialization of cyanoacrylate-based surgical, wound management and infection prevention technologies.

“More than 60,000 North Carolinians work directly in the biotechnology industry,” said North Carolina Commerce Secretary Anthony M. Copeland. “From our ongoing industry training programs to the state’s overall quality of life, North Carolina provides unmatched support for the biotech workforce.” N.C. Commerce and the Economic Development Partnership of N.C. were instrumental in supporting the company’s investment decision.

“Biotech is thriving here in North Carolina, contributing $86 billion to our economy each year,” Governor Roy Cooper said. “Adhezion’s decision to expand in Caldwell County underscores that North Carolina is a world leader in biomanufacturing.”

In addition to North Carolina Commerce and the Economic Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, the North Carolina Community College System, Blue Ridge Energy, Caldwell County, and the Caldwell County Economic Development Commission.